Event Details

This masterclass provides participants with an in-depth understanding of the nature of infrastructure investments and how they might be integrated into an investment strategy or product that is designed to help long-term investors meet their investment goals.

It reviews existing evidence of risk pricing in infrastructure investments but also proposes robust cash flow modelling and valuation approaches that are better adapted to the nature of such assets and their characteristics including their dynamic risk profile, the absence of unique price measures, or the existence of embedded options in certain types of instruments used in infrastructure project finance.

The masterclass is presented in a highly accessible manner and strikes a balance between the exploration of new valuation approaches and an analysis of practical applications and contains integrative case studies providing step-by-step implementation examples.

Part I: Identifying a unique infrastructure asset class
> The Nature of Infrastructure Investment: from concrete to contracts
> Business models and business cycles of infrastructure and non-infrastructure firms

Part II: Performance measurement of private infrastructure equity investments
> Going beyond the standard framework for the valuation of private assets
> An introduction to advanced cash flow discounting using term structure models